KidariStudio Reports Q1 2026 Operating Profit Turnaround and Revenue Growth

Consolidated revenue 58.3B KRW (+21% YoY), operating profit 3.4B KRW (vs loss of 0.5B in prior year Q1)
Net profit attributable to parent 6.3B KRW (EPS 169 won), cash equivalents 59.1B KRW, net cash 42.2B KRW
Total liabilities 141.1B KRW (borrowings 16.9B), equity 209B KRW
Subsidiary Lezhin Entertainment performed well; DELITOON SAS continued losses
Put option: non-controlling interest can demand share repurchase if Lezhin IPO delayed
Litigation: filed lawsuit for 962M KRW in April 2026; pending lawsuit against DELITOON SAS for 761M KRW
No dividends or share buybacks in the quarter (board approved treasury share disposal but not executed)